Amistar Announces Sales and Earnings.

Business Editors

SAN MARCOS, Calif.--(BUSINESS WIRE)--July 19, 2001

Amistar Corp. (Nasdaq:AMTA) today announced sales and earnings for the three and six months ending June 30, 2001.

Net sales for the three months ending June 30, 2001 were $3,399,000 as compared to $5,471,000 for the like quarter in 2000. Net sales for the six months ending June 30, 2001 were $7,078,000 as compared to $10,246,000 for 2000.

There was a net loss for the three months ended June 30, 2001 of $955,000 or $.30 per share as compared to a net income of $378,000 or $.12 per share for the second quarter in 2000. There was a net loss of $1,632,000 for the six months of 2001 or $.52 per share as compared to a net income of $440,000 or $.14 per share for the like period in 2000.

                      CONDENSED INCOME STATEMENT

                     THREE MONTHS ENDED          SIX MONTHS ENDED
                          June 30                    June 30
                     2001          2000          2001        2000

Net Sales      $ 3,399,000    $ 5,471,000   $ 7,078,000    $10,246,000
Cost of Sales    3,502,000      4,057,000     6,800,000      7,704,000
               -----------    -----------   -----------    -----------
Gross Profit
 (Loss)           (103,000)     1,414,000       278,000      2,542,000
Other Costs        870,000      1,074,000     1,944,000      2,164,000
               -----------    -----------   -----------    -----------
Op. Income(Loss)  (973,000)       340,000    (1,666,000)       378,000
Non Op. Inc.
 (Exp.)             19,000         38,000        38,000         62,000
               -----------    -----------   -----------    -----------
Income(Loss)
 before Tax       (954,000)       378,000    (1,628,000)       440,000
Income Tax           2,000              0         4,000              0
               -----------    -----------   -----------    -----------
Net Income
 (Loss)        $  (956,000)   $   378,000   $(1,632,000)   $   440,000

Earnings(Loss)
 per Share:
 Basic         $     (0.30)   $      0.12   $     (0.52)   $      0.14
Earnings(Loss)
 per Share:
 Diluted       $     (0.30)   $      0.12   $     (0.52)   $      0.14
Shares
 Outstanding     3,139,563      3,136,500     3,138,964      3,136,500